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Modern Construction Economics: Theory and Application

Modern Construction Economics: Theory and Application

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Modern construction economics has a wider focus than was previously the case, with stronger links to mainstream economics reflecting increasing interest in a range of theoretical issues. This book brings together the essential reviews of this trend and pushes towards the development of a comprehensive theoretical framework for construction economics.

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Book Information

Publisher: Routledge
Publish Date: 11/09/2010
Pages: 218
ISBN-13: 9780415397063
ISBN-10: 0415397065
Language: English

Full Description

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level. In Modern Construction Economics: Theory and Application, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics.  

Topics covered include:

  • developing construction economics as idustry economics
  • competition and barriers to entry in construction
  • innovation in construction
  • theory testing in construction management research
  • collusion and corruption in the construction sector.

Including contributions from academics in the UK, Sweden, Hong Kong, and Australia, this is a truly global review of a core issue for the construction industry worldwide. The result is a unique book that will push toward the development of a comprehensive theoretical framework of construction economics. This is a must-read for all serious students of construction economics, and all practitioners looking for a deeper understanding of their industry.

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